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Michael Saylor Is Planning A Bitcoin $100K Party At His House, Expects End Of War On Crypto Under Trump
Michael Saylor , CEO of MicroStrategy Inc . (NASDAQ: MSTR ), deemed the Donald Trump -led Republican triumph the “biggest” bullish catalyst for Bitcoin (CRYPTO: BTC ) over the last four years.
What Happened: In an interview with CNBC on Thursday, Saylor said that the “red wave” has been “incredibly auspicious” for Bitcoin and the broader cryptocurrency industry.
The Bitcoin bull anticipated a friendlier SEC at the helm amid speculations of current chair Gary Gensler stepping aside.
“It’s very good for the cryptocurrency industry. We’re going to see a lot more pro-Bitcoin policies. We are going to see a digital assets framework. We are going to see an end to the war on crypto.,” Saylor predicted.
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With the election uncertainty behind, Saylor also ruled out any major bearish events for Bitcoin in the foreseeable future.
“I am planning the $100,000 party, and I am thinking it is probably going to be New Year’s Eve at my house. So, I would be surprised if we don’t go through $100,000 in November or December,” Saylor said in a burst of enthusiasm.
See Also: Dogecoin millionaires are increasing – investors with $1M+ in DOGE revealed!
Why It Matters: Saylor’s bullish sentiment aligned with the ongoing success of his company’s publicly-traded stock.
MicroStrategy’s shares hit a record high earlier this week, pushing the firm’s market valuation to $72.26 billion, a $50 billion increase since September 6. This gain surpassed the total capitalization of Ford Motor Co. (F) and Cognizant Technology Solutions Corp. (NASDAQ: CTSH ).
The firm, known famously as Bitcoin’s biggest corporate holder, was sitting on unrealized profits of over $12.7 billion as of this writing, according to data from bitcointreasuries.net.
The company announced plans to raise as much as $42 billion in equity and debt funding over the next three years to accumulate more Bitcoin.
Price Action: At the time of writing, Bitcoin was exchanging hands at $88,121.00, down 1.89% in the last 24 hours, according to data from Benzinga Pro . Shares of MicroStrategy closed 0.22% lower at $327.67 during Thursday’s regular trading session.
Photo Courtesy: Wikimedia
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This article Michael Saylor Is Planning A Bitcoin $100K Party At His House, Expects End Of War On Crypto Under Trump originally appeared on Benzinga.com
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